The economic situation in Venezuela continues to deteriorate, with the black market exchange rate now standing at more than 10 times the official rate, inflation at 54.3%, and reserves continuing to...

Business Monitor International (BMI) forecasts a devaluation of the Venezuelan bolívar in 2013, most likely within the first half of the year. We see the currency falling from VEF4.30/US$ to VEF8.00/...